If I can give you a little advice, don't pay too much attention to Peter Schiff. He is at the very bottom of the financial industry, a broker with a very low level of education and understanding, a bit of an inside joke within the industry. Check out the annual returns of his clients over the past few yrs, appalling.
US CDS still much much cheaper than euro, as it should be. QE isn't very inflationary below full capacity.
lol, The Euro will crash next year. Maybe a new Euro could do this with a strong central bank but a crash will have to occur before countries hand over their sovereignty. Doesn't matter how responsible the central bank is when the countries need to borrow so much money. The dollar is toast to though so I guess we both right :(
@Connerhead I disagree. I still think the dollar will crash first. I could be wrong. The dollar may crash second, but I am still more bullish on the euro than the dollar. Everyone is so bearish on the euro! It seems obvious to me that the trade must change soon.
Thank-you Bryan, I believe you gave an astute analysis of where we are heading. I have been saying that USA is heading for a major economic problems for two years. I was beginning to disbelieve my own prediction till I listened to you. Thank-you
You remind me of a character of hers, Midas Mulligan, a banker who had ethics and a ground to reality. He owned a mint with no paper, and he would only loan to people with a demonstratable competence, and a clear plan. Maybe you can be that someday...you are certainly smart enough. What are u majoring in?
@joshtheobjectivist I appreciate it. I major in business, but I don't pay attention in class. I am on my computer looking at my stocks or playing a game of chess on my computer during class.
Bryan, thank you for your show! We may not agree on little pidly points, but I still think you are a great man. It warms me that you exist and you know what you know. I hope to see you leading people with ideas of how to rebuild once the final crash occurs, when we both have grey hair.
The dollar is only the base currency for a short while longer. The dollar is screwed. You cant count on it lasting. The europeans are stupid for getting bailed out from the fed, they should have called china.
@iwashmyownbrain dude, the dollar, the federal reserve, and the american economy are toast. The american consumer is broke. China has a middle class that outnumbers ours, they are going to use their slave labour to be a manufacturing base for their growing middle class, our middle class is going down, theirs is going up. All printing money does is dig the hole deeper. Its like smoking crack instead of eating. The fed reserve is out of bullets once we get in another recession.
@iwashmyownbrain dude the fed is full of total nonsense. King dollar hahahaha, that's funnier then than a financial times headline. King dollar?! What world do you live in. Look at a usd/chf ten year chart and get in tume with reality.
@joshtheobjectivist You need to look at the dollar for what it is ...just a tool for the FED to control the economy....it does not matter if it goes up or down only what effect it has on the economy . This is why we went off the gold standard so the FED could controll the economy and thereby the world
wow....you are....so cute. While the ECB is less inflationary than the FED, Eurozone countries have populations that riot in the streets for additional spending and they often get this one way or another. Also the Euro is still young enough to be percieved as somehow experimental. Technically its no less sound than the dollar but since its a younger fiat currancy, confindence in it is shakier. Either way I´m all in pysical gold and silver....and guns and food.
@lengthyounarther We will have riots in our streets too. The protestors on wall st will eventually start throwing punches, and I think Germany is being very serious about forcing countries to cut spending.
@stockmarketfreak Germany isn't serious about cutting spending. When Germany bond yields start to rise a bit, Merkel will be running to Eurobonds. But, the US is still in much worse shape because hyperinflation is much more near in the USD whereas hyperinflation is still a ways off in the Euro. However, when the USD goes, the Euro and all fiat will be brought down with it.
@thesilverjournal I disagree. I think Germany is serious about not printing euros. I also think that German bunds are more attractive than U.S. bonds. I also think the euro will rally if the dollar collapses.
@stockmarketfreak Germany may want other eurozone countries to cut spending, but the political elite in germany is dedicated to the EU to the point that they will defy their better jugment (born in two previous hyperinflations) in order to bailout the more profligate EU nations.
I repectfully disagree, if china is to become the number one economy, it follows that they will hold the reserve currency. History has clearly shown this to be true. Europe and america are both in shambles. The euro may be better than the dollar, but it is not even close to the rmb.
@joshtheobjectivist I agree that eventually the yuan will be the reserve currency because China will be the richest most productive country, but I think for a short while after the U.S. dollar crashes, the euro will be the reserve currency before ultimately being replaced by the rnb.
@joshtheobjectivist Are you kidding the Chinese are afraid to peg their money to the dollar.....The dollar is the base currency for all the economys of the world. The FED is now buying Europe with dollars....If China pegged to the dollar they would be priced out of the world market and their economy would collapse.
@stockmarketfreak At the right price? It sure is the right price for the Chinese government to sell cheap slave labor to the rest of the world. How about the U S raise import tax rates to them to pay off our debt. I don't need a new tv anytime soon....
No way the Euro fails now that king dollar is backing it up.....dollar fail no way...but there will be lots of inflation in the future so buying gold is a good investment. The FED is a private bank ...it makes money lending money the more it lends the more powerfull it gets. It is the governments borrowing money from the FED who are irresponsable......You are right about gold but for the wrong reasons.
@IWashMyOwnBrain King dollar? The only thing that constitutes the dollar as being king is the fact that it's going to be the king of winning the currency war, which is a bad thing . The dollar will fail. HOw are we going to pay off our debt? You think our politicians will let us legitimately default? I don't. This leads me to believe that the dollar is in horrible shape and will eventually fail in the not too distant future.
@stockmarketfreak No the politicians wont let the u s default you are right on that. So now you need to realize how that helps the dollar.....The taxpayers pay off the debt. We are all debt slaves to the FED. The FED has us by the balls. Yes we will have inflation but if you buy stocks you will keep up with it and if you buy gold you will beat it. But in the end the dollar is still standing. The FED is growing more powerfull every day and the dollar is their tool.
@IWashMyOwnBrain The more powerful the fed gets , the more troubles the dollar has. The fed cant tax, it can only print and its going to print away the debt. Even if we taxed every american at 100%, which could never happen because no one is going to work for no money, we still wouldn't be able to pay off the debt if you include the unfunded liabilities. And too much taxation eventually leads to a decrease in tax revenues.
@stockmarketfreak Two things...Like you said the politicians won't let us default so they raise the taxes for the FED,,,,,,and you can pay off the debt with inflated money. Now that the FED is pumping money into Europe inflation should really pick up soon.
Even now if you look at the MF Global scandal, John Corzine is a free man, and still very rich. He would be a dead man if he was a Chinese citizen. America and Europe always gives white collar thieves a wink and a nod. Banksters in Europe and America get to pay fines that are a fraction of their fraudulent loot. The signal is clear, its ok to commit fraud in America and Europe. The signal in China is commit fraud at the risk of your neck.
@joshtheobjectivist I think China will be the richest economy in a matter of years, but if Europe gets its act together quickly, we may see the euro as the reserve currency.
An analysis on the dollar, euro, and the Renminbi shows the Renminbi has performed the best against the Swiss Franc. I think China, a much more patient and wise monetary and fiscal nation, is going to let their currency float eventually. They have been growing more and more. They have problems for sure, but their problems are a pittance to European and American problems. Also China executes bankers when they commit fraud, America and Europe bails out their criminals, and will continue to do so.
China is the ultimate manufactuer, the ultimate producer, the ultimate buyer of commodities, the ultimate in solvency, the ultimate in savings, and the ultimate in middle class growth. I think the Euro and the dollar are in the same downward spiral.
I disagree about the yuan, the Yuan is in way way better shape than the Euro or dollar. I think the Chinese are just waiting for the Euro and the dollar to destroy each other. China is going to be the next great power. Germany may be quite wealthy, but they are not the worlds greatest creditor nation like China.
WOW... Talk about mine blowing...You have almost every economist saying Euro is going down in weeks but you are NO NO NO... UMMMM You have me hooked....
You are very knowledgeable for your age!
If I can give you a little advice, don't pay too much attention to Peter Schiff. He is at the very bottom of the financial industry, a broker with a very low level of education and understanding, a bit of an inside joke within the industry. Check out the annual returns of his clients over the past few yrs, appalling.
US CDS still much much cheaper than euro, as it should be. QE isn't very inflationary below full capacity.
SteveChelsea13 3 weeks ago
@SteveChelsea13 I don't listen to him much, but he think he's smart and he knows what he's talking about.
stockmarketfreak 3 weeks ago
lol, The Euro will crash next year. Maybe a new Euro could do this with a strong central bank but a crash will have to occur before countries hand over their sovereignty. Doesn't matter how responsible the central bank is when the countries need to borrow so much money. The dollar is toast to though so I guess we both right :(
Connerhead 2 months ago
@Connerhead I disagree. I still think the dollar will crash first. I could be wrong. The dollar may crash second, but I am still more bullish on the euro than the dollar. Everyone is so bearish on the euro! It seems obvious to me that the trade must change soon.
stockmarketfreak 2 months ago
Thank-you Bryan, I believe you gave an astute analysis of where we are heading. I have been saying that USA is heading for a major economic problems for two years. I was beginning to disbelieve my own prediction till I listened to you. Thank-you
lesleyvoth 2 months ago
hahahahaha, that is awesome. You should be teaching the business class anyway.
joshtheobjectivist 2 months ago
You remind me of a character of hers, Midas Mulligan, a banker who had ethics and a ground to reality. He owned a mint with no paper, and he would only loan to people with a demonstratable competence, and a clear plan. Maybe you can be that someday...you are certainly smart enough. What are u majoring in?
joshtheobjectivist 2 months ago
@joshtheobjectivist I appreciate it. I major in business, but I don't pay attention in class. I am on my computer looking at my stocks or playing a game of chess on my computer during class.
stockmarketfreak 2 months ago
Have you ever read ayn rand?
joshtheobjectivist 2 months ago
@joshtheobjectivist A little. Why?
stockmarketfreak 2 months ago
I should have been more clear on that in the preceding comment.
joshtheobjectivist 2 months ago
Yes, but the rebuilding will take a long time to get underway, and much longer to complete.
joshtheobjectivist 2 months ago
Bryan, thank you for your show! We may not agree on little pidly points, but I still think you are a great man. It warms me that you exist and you know what you know. I hope to see you leading people with ideas of how to rebuild once the final crash occurs, when we both have grey hair.
joshtheobjectivist 2 months ago
@joshtheobjectivist The crash will happen way before our hair turns gray.
stockmarketfreak 2 months ago
The dollar is only the base currency for a short while longer. The dollar is screwed. You cant count on it lasting. The europeans are stupid for getting bailed out from the fed, they should have called china.
joshtheobjectivist 2 months ago
@joshtheobjectivist They did call china, but china didn't want to bail them out. China will eventually buy european bonds and sell its u.s. bonds.
stockmarketfreak 2 months ago
@iwashmyownbrain dude, the dollar, the federal reserve, and the american economy are toast. The american consumer is broke. China has a middle class that outnumbers ours, they are going to use their slave labour to be a manufacturing base for their growing middle class, our middle class is going down, theirs is going up. All printing money does is dig the hole deeper. Its like smoking crack instead of eating. The fed reserve is out of bullets once we get in another recession.
joshtheobjectivist 2 months ago
@iwashmyownbrain dude the fed is full of total nonsense. King dollar hahahaha, that's funnier then than a financial times headline. King dollar?! What world do you live in. Look at a usd/chf ten year chart and get in tume with reality.
joshtheobjectivist 2 months ago
@joshtheobjectivist You need to look at the dollar for what it is ...just a tool for the FED to control the economy....it does not matter if it goes up or down only what effect it has on the economy . This is why we went off the gold standard so the FED could controll the economy and thereby the world
IWashMyOwnBrain 2 months ago
wow....you are....so cute. While the ECB is less inflationary than the FED, Eurozone countries have populations that riot in the streets for additional spending and they often get this one way or another. Also the Euro is still young enough to be percieved as somehow experimental. Technically its no less sound than the dollar but since its a younger fiat currancy, confindence in it is shakier. Either way I´m all in pysical gold and silver....and guns and food.
lengthyounarther 2 months ago
@lengthyounarther We will have riots in our streets too. The protestors on wall st will eventually start throwing punches, and I think Germany is being very serious about forcing countries to cut spending.
stockmarketfreak 2 months ago
@stockmarketfreak Germany isn't serious about cutting spending. When Germany bond yields start to rise a bit, Merkel will be running to Eurobonds. But, the US is still in much worse shape because hyperinflation is much more near in the USD whereas hyperinflation is still a ways off in the Euro. However, when the USD goes, the Euro and all fiat will be brought down with it.
thesilverjournal 2 months ago
@thesilverjournal I disagree. I think Germany is serious about not printing euros. I also think that German bunds are more attractive than U.S. bonds. I also think the euro will rally if the dollar collapses.
stockmarketfreak 2 months ago
@stockmarketfreak Germany may want other eurozone countries to cut spending, but the political elite in germany is dedicated to the EU to the point that they will defy their better jugment (born in two previous hyperinflations) in order to bailout the more profligate EU nations.
lengthyounarther 2 months ago
I repectfully disagree, if china is to become the number one economy, it follows that they will hold the reserve currency. History has clearly shown this to be true. Europe and america are both in shambles. The euro may be better than the dollar, but it is not even close to the rmb.
joshtheobjectivist 2 months ago
@joshtheobjectivist I agree that eventually the yuan will be the reserve currency because China will be the richest most productive country, but I think for a short while after the U.S. dollar crashes, the euro will be the reserve currency before ultimately being replaced by the rnb.
stockmarketfreak 2 months ago
@joshtheobjectivist Are you kidding the Chinese are afraid to peg their money to the dollar.....The dollar is the base currency for all the economys of the world. The FED is now buying Europe with dollars....If China pegged to the dollar they would be priced out of the world market and their economy would collapse.
IWashMyOwnBrain 2 months ago
@IWashMyOwnBrain China is already pegged to the dollar.
stockmarketfreak 2 months ago
@stockmarketfreak At the right price? It sure is the right price for the Chinese government to sell cheap slave labor to the rest of the world. How about the U S raise import tax rates to them to pay off our debt. I don't need a new tv anytime soon....
IWashMyOwnBrain 2 months ago
As long as Germany can maintain control of the ECB you could be right.
jimbobubbadj 2 months ago
@jimbobubbadj Only time will tell.
stockmarketfreak 2 months ago
No way the Euro fails now that king dollar is backing it up.....dollar fail no way...but there will be lots of inflation in the future so buying gold is a good investment. The FED is a private bank ...it makes money lending money the more it lends the more powerfull it gets. It is the governments borrowing money from the FED who are irresponsable......You are right about gold but for the wrong reasons.
IWashMyOwnBrain 2 months ago
@IWashMyOwnBrain King dollar? The only thing that constitutes the dollar as being king is the fact that it's going to be the king of winning the currency war, which is a bad thing . The dollar will fail. HOw are we going to pay off our debt? You think our politicians will let us legitimately default? I don't. This leads me to believe that the dollar is in horrible shape and will eventually fail in the not too distant future.
stockmarketfreak 2 months ago
@stockmarketfreak No the politicians wont let the u s default you are right on that. So now you need to realize how that helps the dollar.....The taxpayers pay off the debt. We are all debt slaves to the FED. The FED has us by the balls. Yes we will have inflation but if you buy stocks you will keep up with it and if you buy gold you will beat it. But in the end the dollar is still standing. The FED is growing more powerfull every day and the dollar is their tool.
IWashMyOwnBrain 2 months ago
@IWashMyOwnBrain The more powerful the fed gets , the more troubles the dollar has. The fed cant tax, it can only print and its going to print away the debt. Even if we taxed every american at 100%, which could never happen because no one is going to work for no money, we still wouldn't be able to pay off the debt if you include the unfunded liabilities. And too much taxation eventually leads to a decrease in tax revenues.
stockmarketfreak 2 months ago
@stockmarketfreak Two things...Like you said the politicians won't let us default so they raise the taxes for the FED,,,,,,and you can pay off the debt with inflated money. Now that the FED is pumping money into Europe inflation should really pick up soon.
IWashMyOwnBrain 2 months ago
Even now if you look at the MF Global scandal, John Corzine is a free man, and still very rich. He would be a dead man if he was a Chinese citizen. America and Europe always gives white collar thieves a wink and a nod. Banksters in Europe and America get to pay fines that are a fraction of their fraudulent loot. The signal is clear, its ok to commit fraud in America and Europe. The signal in China is commit fraud at the risk of your neck.
joshtheobjectivist 2 months ago
@joshtheobjectivist I think China will be the richest economy in a matter of years, but if Europe gets its act together quickly, we may see the euro as the reserve currency.
stockmarketfreak 2 months ago
An analysis on the dollar, euro, and the Renminbi shows the Renminbi has performed the best against the Swiss Franc. I think China, a much more patient and wise monetary and fiscal nation, is going to let their currency float eventually. They have been growing more and more. They have problems for sure, but their problems are a pittance to European and American problems. Also China executes bankers when they commit fraud, America and Europe bails out their criminals, and will continue to do so.
joshtheobjectivist 2 months ago
China is the ultimate manufactuer, the ultimate producer, the ultimate buyer of commodities, the ultimate in solvency, the ultimate in savings, and the ultimate in middle class growth. I think the Euro and the dollar are in the same downward spiral.
joshtheobjectivist 2 months ago
I disagree about the yuan, the Yuan is in way way better shape than the Euro or dollar. I think the Chinese are just waiting for the Euro and the dollar to destroy each other. China is going to be the next great power. Germany may be quite wealthy, but they are not the worlds greatest creditor nation like China.
joshtheobjectivist 2 months ago
WWQE, now the Euro problems are the dollar problems....oh the irony!!
joshtheobjectivist 2 months ago
WOW... Talk about mine blowing...You have almost every economist saying Euro is going down in weeks but you are NO NO NO... UMMMM You have me hooked....
techozzie 2 months ago